Asking Price
NOI Net Operating Income
Cap Rate
Asking Price
NOI Net Operating Income
Cap Rate

Documents

I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. Approval for Deal Room access requires review by our Broker Team. You will be notified by email once your access is granted. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.
I accept the confidentiality agreement I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Key Facts

Property Reference Number 100081165472
Building Area

Property Description

An Attractive Repositioning Opportunity in a Core Northern M25 Market.



The People Building Hemel Hempstead is located on Maylands Avenue in the Marylands Business District approximately 3 miles from Hemel Hempstead Station.

Investment Highlights

  • The building provides a total of 98,206 sq ft of Grade A accommodation over ground and three upper floors.


  • The building is in close proximity to a wealth of amenity including Nuffield Health Fitness and Wellbeing Gym, Costa Coffee and Aldi.


  • Benefits from a WAULT of 1.0 years to expiry and 0.5 years to break.


  • This asset produces a passing rent of £1,607,312 per annum. This equates to a low passing rent of £18.65 per sq ft (on let space


  • Quoting rents on refurbished buildings on the adjacent Breakspear Park are now in excess of £27.50 per sq ft.


  • Real repositioning opportunity to refurbish the vacant floor space to provide grade A office space in a prime Hemel Hempstead location and set a new rental tone for the building.


  • Reversionary potential given prime rents achieved in Hemel Hempstead are in excess of £27.00 per sq ft.


  • We are instructed to seek offers in excess of £10,500,000, subject to contract and exclusive of VAT which reflects a low price per square foot of £107.
Last Updated Date: 26 Jan 2021
Zara Sless
Zara Sless
Director - National Investment
Jonathan Turner
Jonathan Turner
Surveyor - National Investment

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Last Updated Date: 26 Jan 2021

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